Read the latest insights and analysis from the experts at Oil Change International.
In light of the war in Ukraine, shareholder actions on climate against Big Oil are faltering. One activist investors says: “The oil industry is really using the energy crisis as an excuse now to stall climate action.”
The 13 Senators who voted in the Committee to move McNamee’s nomination forward have taken a combined total of nearly $10 million from the fossil fuel industry – bought and paid for by an industry that accelerates the climate crisis and only cares about protecting their profits.
Over the past decade, companies like Koch Industries, ExxonMobile, and Chevron have given millions to our elected officials. All told, combining lobbying dollars and campaign contributions, the fossil fuel industry has spent over $1.7 BILLION trying to get their way since 2005.
A report by the Institute for Policy Studies (IPS) reveals that fossil fuel bosses are receiving “stratospheric” levels of pay to explore and produce oil which we cannot afford to burn if we are to avoid catastrophic climate change.
David Koch, the climate change-denying billionaire, currently sits on the board of two of our nation’s largest and most respected natural history museums. This needs to change.
2015 is already bringing new challenges — including a congress that’s set on ignoring climate science and fighting for the fossil fuel industry instead of the American people.
New technologies like fracking––along with government subsidies––have ushered in an energy boom reliant on extreme extraction methods to produce oil and natural gas. Now the Uinta Basin is ground zero for what threatens to become the next phase in extreme energy extraction: strip mining for tar sands and oil shale.
Through public land leases, infrastructure subsidies, and some very expensive tax breaks, taxpayer money is supporting what could become one of the dirtiest, most destructive chapters in American energy history.
